Page 242 - 2012 Annual Report

242 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 3 Segment data
Consolidated Statements of Earnings
(in millions of euros)
Year ended December 31, 2012
Activision
Blizzard
Universal
Music
Group SFR
Maroc
Telecom
Group GVT
Canal+
Group
Holding &
Corporate
Non-core
opera-
tions and
others
Elimina-
tions
Total
Vivendi
External revenues 3,768 4,538 11,264 2,650 1,716 4,997 - 61 - 28,994
Intersegment revenues - 6 24 39 - 16 - 4 (89) -
Revenues 3,768 4,544 11,288 2,689 1,716 5,013 - 65 (89) 28,994
Operating expenses excluding amortization and depreciation
as well as charges related to share-based compensation plans (2,357) (3,855) (7,957) (1,181) (974) (4,061) (102) (73) 89 (20,471)
Charges related to share-based compensation plans (96) (15) (32) (3) (2) (12) (9) (1) - (170)
EBITDA 1,315 674 3,299 1,505 740 940 (111) (9) - 8,353
Restructuring charges - (79) (187) (79) - - (7) - - (352)
Gains/(losses) on sales of tangible and intangible assets (1) - (1) 1 (1) (7) - - - (9)
Other non-recurring items - (18) - (1) - (12) 4 - - (27)
Depreciation of tangible assets (70) (52) (868) (347) (229) (175) (1) (2) - (1,744)
Amortization of intangible assets excluding those acquired
through business combinations (95) - (643) (92) (22) (83) - (3) - (938)
Adjusted earnings before interest and income taxes (EBITA) 1,149 525 1,600 987 488 663 (115) (14) - 5,283
Amortization of intangible assets acquired through business
combinations (23) (306) (66) (27) (54) (8) - (3) - (487)
Impairment losses on intangible assets acquired through
business combinations - (94) - - - (665) - (1) - (760)
Reserve accrual regarding the Liberty Media Corporation
litigation in the United States (945)
Other income 22
Other charges (235)
Earnings before interest and income taxes (EBIT) 2,878
Income from equity affiliates (38)
Interest (568)
Income from investments 9
Other financial income 37
Other financial charges (210)
Provision for income taxes (1,159)
Earnings from discontinued operations -
Earnings 949
Of which
Earnings attributable to Vivendi SA shareowners 164
Non-controlling interests 785